Yum China Holdings Inc (NASDAQ:YUMC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
According to Zacks, “Yum China Holdings, Inc. is a licensee of Yum! Brands primarily in mainland China. The company have rights to KFC, China’s quick-service restaurant concept, Pizza Hut, casual dining restaurant brand and Taco Bell. Yum China Holdings, Inc. is based in Shanghai, China. “
Other analysts have also recently issued research reports about the company. Oppenheimer Holdings, Inc. increased their price objective on Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Deutsche Bank AG raised Yum China Holdings from a “hold” rating to a “buy” rating and set a $45.30 price objective on the stock in a report on Friday, October 6th. Nomura initiated coverage on Yum China Holdings in a report on Monday, October 9th. They set a “buy” rating and a $51.60 price objective on the stock. Citigroup Inc. initiated coverage on Yum China Holdings in a report on Monday, September 18th. They set a “buy” rating and a $51.00 price objective on the stock. Finally, Instinet reissued a “buy” rating and set a $51.60 price objective (up previously from $51.50) on shares of Yum China Holdings in a report on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $42.35.
Shares of Yum China Holdings (YUMC) traded up 0.60% on Wednesday, hitting $42.15. The company had a trading volume of 560,505 shares. The firm has a market capitalization of $16.20 billion and a price-to-earnings ratio of 30.99. The company has a 50 day moving average price of $40.02 and a 200 day moving average price of $40.02. Yum China Holdings has a 1-year low of $23.79 and a 1-year high of $43.55.
Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings results on Thursday, October 5th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. On average, equities analysts forecast that Yum China Holdings will post $1.41 earnings per share for the current fiscal year.
Yum China Holdings declared that its Board of Directors has authorized a share repurchase program on Thursday, October 5th that allows the company to repurchase $550.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
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In other Yum China Holdings news, insider Angela Ai sold 17,678 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $43.05, for a total value of $761,037.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark Chu sold 22,184 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $37.72, for a total value of $836,780.48. Following the completion of the transaction, the insider now owns 23,457 shares in the company, valued at $884,798.04. The disclosure for this sale can be found here. Insiders sold a total of 42,606 shares of company stock worth $1,708,901 over the last 90 days.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Yum China Holdings by 28.7% in the 2nd quarter. BlackRock Inc. now owns 27,306,495 shares of the company’s stock worth $1,076,695,000 after acquiring an additional 6,087,048 shares during the last quarter. Comerica Securities Inc. bought a new position in Yum China Holdings in the 2nd quarter worth about $251,000. Ameriprise Financial Inc. increased its stake in Yum China Holdings by 40.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,514,169 shares of the company’s stock worth $138,564,000 after acquiring an additional 1,020,928 shares during the last quarter. Commonwealth Bank of Australia increased its stake in Yum China Holdings by 17.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 29,956 shares of the company’s stock worth $1,180,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Yum China Holdings by 10.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,865 shares of the company’s stock worth $350,000 after acquiring an additional 845 shares during the last quarter.
Yum China Holdings Company Profile
Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.
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